63% Of Americans Don’t Have Enough Savings To Cover A $500 Emergency

It’s not news that Americans are terrible at saving. We talk about it year after year after year. New to the 2016 conversation, though, is the fact that just 37% of Americans could pay for a $500 emergency using money from a savings account. The other two-thirds would have to resort to cutting their spending, charging to a credit card or borrowing from friends and family.

Source: 63% Of Americans Don’t Have Enough Savings To Cover A $500 Emergency

What'ya think...

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s